Fervo Energy Announces Pricing of its Upsized Initial Public Offering
EnergyOther
Fervo Energy
May 12, 2026
Clearlake will acquire Qualus, a pure-play power and electric grid services platform, from New Mountain Capital. The deal is announced as a platform acquisition in the energy services sector.
The provided deal information does not include purchase price or specific operating metrics for Qualus, but it frames Qualus as focused on power and electric grid services and positions the transaction as a platform build for Clearlake.
Fervo Energy
May 12, 2026
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